Predator Oil & Gas Share Discussion Threads

[sull75] 08/6/2019 11:12

First time for everything :))

[soulsauce] 07/6/2019 18:20

First time I have seen you being called a troll Sull lol.

Let's hope you are in for a better ride at our Upl.

[under the radar] 07/6/2019 18:06

THIS IS WHAT ITS ALL ABOUT ...

History

In the past, Inniss­Trinity was discovered by Texaco in 1956 and developed from 1958 onwards. Peak produc on reached 4,200 bopd in 1958 and 134 wells were drilled. Ini al well produc vi es were typically from 82 to 462 bopd from the prolific Miocene Herrera turbidite reservoirs, which are the host for a number of producing fields in the area. Es mates of Inniss­Trinity STOIIP range from 68 to 150 million barrels.
Waterflood was ini ated by Texaco in 1973 and the field eventually passed to Petrotrin in the 1980’s.

One area of Inniss­Trinity designated the “AT­4 Block”, and the only part of the field not exclusively owned by Texaco but jointly owned with Shell, was not subject to waterflood. The AT­4 Block has been chosen by the Company as the site of the first Pilot CO2 EOR project based on its suitable geological characteris cs and accessibility for trial C02 EOR.

During the year an independent CO2 EOR Reservoir Engineering Study was completed for the AT­4 Block within the Inniss­Trinity Field. Based on this pilot C02 injec on volumes have been modelled and incorporated in the C02 Gas Sales Agreement discussions with Massy.

Oil produc on forecasts derived from the above study have been modelled and input into the design schema cs for the CO2 EOR­dedicated surface produc on facili es. Pilot C02 EOR is forecast from desk top studies to increase produc on by four­ to six­fold compared to the current produc on from the two exis ng wells in the AT­4 Block chosen for the Pilot CO2 EOR Project. Target produc on of 300 bopd is forecast by the end of H1 2019 if the pilot CO2 EOR opera ons are successful.

(Note - 300 bopd forecast BY END OF H1)

[under the radar] 07/6/2019 14:51

There will be a feeding frenzy for these shares if the conversions are cancelled.You won’t be able to buy because it will go straight into auction with everyone trying to buy at the same time.

Best to be one step ahead of the pack....I’ve just topped up 250k @ 5.34p.

#moneywheremouthis

[sull75] 07/6/2019 12:44

I hope so, let's check this in a week's time and see where it is. I suspect PRD are aware that the CLNs were a bad bit of business hence the new broker has come onboard. My guess would be that they cancel this death spiral and raise cash by doing a straight forward raise with the new broker, but at what price. Until these issues are sorted the share price is in limbo.

[under the radar] 07/6/2019 12:37

All these trolls / bears aren’t here for nothing. They know this is the right time to buy and are trying to scare the weak into selling so that they can buy cheaper.

The only problem is that 5p is looking pretty strong and doesn’t look like it will break , add the fact that the smart ones are buying and it doesn’t bode well for anyone who wants in cheaper.

This has bottomed and the only way is up from here...imho

[under the radar] 07/6/2019 12:17

I was in this before you were in nappies. Read through my history!

[sull75] 07/6/2019 12:09

You're a year too late buddy, the share price went from 2.50 to 9.60 from Aug to Sept last year which was the time to be in this, the CLNs have truly killed the momentum. You can pump this all you want but nothing is happening here until July and who knows where the share price will be then.

[under the radar] 07/6/2019 11:58

PMSL - deffo the time to be buying when the trolls are about!

Do your best because I could do a few more

:)

[sunnybeachboy] 07/6/2019 11:53

Trend is your friend

[taxibabe] 07/6/2019 11:52

it's going down someone is gathering timber!!!

[under the radar] 07/6/2019 09:33

All those sitting on the sidelines thinking that they will buy at a much lower level are in for a nasty surprise.The market makers are fishing for shares because they know what’s coming up soon.

Expect the unexpected.

[2dinvestor] 07/6/2019 08:28

What would help is if trinidad starts and shows tangibly what could be achieved, just from asset alone, before any refinancing occurs. Not a given it will be placing either (although I accept it's most likely) . Trinidad could be used for a loan repayment. Regardless I hope the remainder of the CLN gets repaid and cancelled.

[2prsimo] 07/6/2019 08:20

The share price might be on the floor, but it can go lower with a forced placing

[under the radar] 07/6/2019 08:16

Managment won’t go for a worse deal that will dilute them more because they own 55% of the company.Common sense says that it will be for a much better deal - they are not happy with the current situation and are changing it for the better imho.

Look at the share price it’s on the floor already ...

[under the radar] 07/6/2019 08:04

Strong buy - the clues are there

Look what happened to Tern when the conversions were cancelled.

This will fly back up instantly if they do the same.

Dyor

[2dinvestor] 07/6/2019 07:56

Yes a real shame because I think both trinidad and Morroco are great prospects. This will come back, but probably not until much later this year.

[mikeh30] 07/6/2019 07:49

Market knows they're under pressure so will get hammered on the price especially because there is still a death spiral in place. Some awful planning here from management.I think they gambled the family ranch on gaining immediate cash flows from Trinidad which was delayed relatively early (not expressed in the RNS clearly imo I did mention at the time)Placing will be around 2p unfortunately

[2dinvestor] 07/6/2019 07:43

Yes I think you're right Mike. They need a rig for Morroco and the cash from trinidad hasn't started yet.

[2prsimo] 07/6/2019 07:40

Yep, a placing coming up, within the next few weeks

[mikeh30] 07/6/2019 07:39

New broker = placing

[2dinvestor] 07/6/2019 07:17

New broker, a merchant bank specialising in corporate financing for resource companies. Explains some of the fall perhaps. However, it means Morroco is at full speed imo.

[under the radar] 06/6/2019 23:17

Closed on a hammer

This artificial low price will be history soon...

Buy